Earnings Up, Spending Up, Cash From Taxpayers Up ... But Only a Modest Rise in One's Tax Bill
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Summary
PRINCE CHARLES earned more last year than ever before and spent more on staff, travel and entertaining. Yet he still received a substantial pay rise from the taxpayer.
The heir to the throne saw his personal income from the Duchy of Cornwall soar to a record 15.1million - up by 1.1million on the previous year.See the full content of this document
Extract
Earnings Up, Spending Up, Cash From Taxpayers Up ... But Only a Modest Rise in One's Tax Bill
This was boosted by more than 2million in Government grants, a 28 per cent rise.
He uses this money to fund Clarence House, his London office and official residence plus all his travel by air and rail when on official business.Like his mother the Queen, the prince is not obliged to pay tax but has agreed to do so at a rate of 40 per cent.This year he paid 3.4million, up 138,000 on...See the full content of this document
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